Gifts of stocks and securities

You may want to help the Foundation, but do not have the cash readily available. Donating securities (stocks, bonds, mutual funds, etc.) directly to St. Mary’s is a way to give that won’t affect your cash flow, and which also gives you a tremendous tax break…today!

Here’s how it works:

When shares of a listed company are transferred directly to our Foundation, the donor pays no tax on any capital gains… compared to the usual 50% taxability. A donation receipt is issued for the full value of the shares transferred, which, in most cases, will eliminate the capital gains tax and can be used to reduce other income taxes.

Many people have enjoyed tremendous gains in their stock portfolios in recent times, and some high tech companies, for example, have seen incredible increases in value. The demutualization of some of Canada’s life insurance companies also presents a unique opportunity for new shareholders to make a gift. Our Foundation has been the recipient of a growing number of these types of gifts.

The process for transferring securities is quite simple. Meet with your financial advisor to select the appropriate security to transfer, click here to download the Stock Transfer Form, and the transfer can be done electronically. Once the shares are received by the Foundation, a receipt will be issued for the market value on the day of the transfer.

Please consider the power of a gift of shares to St. Mary’s. It is simple and, when done properly, will allow you to “share the wealth” and save some tax too!

Download a St. Mary’s General Hospital
Stock Transfer Form here.

Please be advised that our “Receiving Institution” has changed.  Please be sure to use the new form – revised April 2014.

For more information please contact
Susan Dusick, Vice President
Telephone: (519) 749-6797

Our intent is to provide a brief overview of giving options. We encourage you to consult your lawyer, accountant, financial planner, trust officer, insurance agent, or other advisor on your decision to make a gift.